Blake, if it's left up to the existing JDSU folks, they'll do nothing except to make themselves richer! That's why when I saw Sandal's letter, and the mention of another large holder being unhappy, they'll have to do something to make them happy, or they can dump their stocks, which it'll take it down into the $3 range! Have a nice weekend!
Blake, your mojo might be a little off. It's getting closer to 6, The letter, along with other large share holders, are making a move, and it could keep moving up, based off any news coming out!
Blake, I didn't say someone is waiting in line to buy them. They now need a new CEO, and since they're a smaller company with big tax loses, there might be someone who might buy them just for the write off. I don't think they'll go to zero in either case!
Maybe, they're waiting for the new CFO to start, which I believe is 7/27. Hopefully, that's what he's charged with doing first!
Greenlight closed its long positions in Altice SA (AMS:ATC), CONN'S, Inc. (NASDAQ: CONN), EMC Corporation (NYSE: EMC), Marvell Technology Group Ltd. (NASDAQ: MRVL) and Playtech PLC (LONG:PTEC).
I think they need the money for some of the other buys they want to do! Anybody have an opinion on what the stock will do now?